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When it comes to rewriting the federal Tax Code, Senate Democrats hailing from deep red states are finding themselves in a politically treacherous bind. On one side, the president and party leaders are salivating over the prospect of more tax increases. On the other, there are restive voters back home ready to toss out anyone who votes for another increase.

It’s a complicated dance that could determine everything from the Senate’s makeup over the next few years to the course of fiscal policy for decades to come.

And for now, each of the at-risk lawmakers seems to be dancing to a very different tune.

Alaska Sen. Mark Begich is adamant that the Tax Code should be rewritten in a way that brings in the same amount of revenue as the current system — a principle known in tax parlance as revenue neutrality. He voted for the fiscal cliff deal that raised tax rates on top earners and, for now, isn’t looking for any more revenue.

As far as he’s concerned, revenue isn’t “going to be first out of the gate,” he told POLITICO. “That’s for damn sure.”

And Begich isn’t just from any conservative-leaning state that voted for Mitt Romney. The oil and gas sector has a big presence in Alaska and benefits from a range of tax breaks that Democrats are gunning to curb or eliminate.

He said he’d consider all options for tax reform but acknowledged with a certain pride that he isn’t in lock step with fellow Democrats.

“I’ve disagreed many times with national Democrats, and I will continue to do that if it’s contrary to what Alaskans believe,” he said.

Another oil-state Democrat — Louisiana’s Mary Landrieu — is on a slightly different path.

She has rejected so-called one-off attempts to shut down oil and gas tax breaks to pay for measures like a sequester delay. But she doesn’t dispute the notion that more tax receipts are needed to rein in the nation’s fiscal woes and is open to tapping that revenue as part of a far-reaching tax overhaul.

She’s even willing to end the breaks that her home-state oil industry relies on if that’s what it would take to get a smart tax reform package across the finish line.

“This is the world — no one’s going to want to lose their tax breaks,” she told reporters on Thursday. “But if you do it fairly, I think people might grumble and complain, but you know what … everybody has to give up a little to get to where we’re going.”

Meanwhile, it seems that Mark Pryor of Arkansas isn’t letting himself get too worked up over the tax question. He said tax reform “doesn’t have to be revenue neutral.”

But any tax reform bill that ultimately clears the Senate, he said, is going to require significant buy-in from both parties to provide all sides with political cover.